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Thinking, Fast and Slow


Dr. Daniel Kahnerman




Daniel Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology that challenged the rational model of judgment and decision making, is one of our most important thinkers.


All right, I'm John Boyd. It is my great pleasure to introduce Professor Kahneman today. And I just want to give you a brief background on his on his outstanding career. He started in 1954 received his bachelor's in experimental psychology and mathematics from the Hebrew University in Jerusalem. In 1961, he was awarded his PhD from University of California Berkeley, right across the bay, in in experimental psychology. In 1979, he and his co author Amos Tversky, published their seminal paper on Prospect Theory, which started to change the way that people reframed the argument around gains losses and decision making under uncertainty.

Several years later, in 2002, Professor Kahneman was awarded the Nobel Prize largely for the work on Prospect Theory. And Nobel Prizes, I think are always impressive, his perhaps more so because there actually isn't a Nobel Prize in psychology. He had to win his Nobel Prize in economics. And as far as I know, I think there's only one other person, one other psychologist who has won a Nobel Prize and that's Ivan Pavlov. He may be physiologist. So we could argue about that. years later, in 2007, psychologist tried to reclaim Professor Kahneman as one of our own, when the American Psychological Association awarded him a lifetime distinguished contribution award. And today, he is a senior scholar at the Woodrow Wilson School of Public and International Affairs at Princeton University.

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